| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| Alcoa Corp. | COM | 013872106 | 11,517 | 433,285 | SH | | SOLE | 0 | 371,692 | 0 | 61,593 |
| Altaba Inc. | COM | 021346101 | 20,412 | 352,292 | SH | | SOLE | 0 | 302,299 | 0 | 49,993 |
| American Airlines Group, Inc. | COM | 02376R102 | 74,367 | 2,316,010 | SH | | SOLE | 0 | 1,985,930 | 0 | 330,080 |
| Advance Auto Parts, Inc. | COM | 00751Y106 | 5,955 | 37,822 | SH | | SOLE | 0 | 32,299 | 0 | 5,523 |
| Adient plc | COM | G0084W101 | 2,116 | 140,512 | SH | | SOLE | 0 | 120,588 | 0 | 19,924 |
| Alliance Data Systems Corporation | COM | 018581108 | 6,806 | 45,350 | SH | | SOLE | 0 | 38,901 | 0 | 6,449 |
| American International Group, Inc. | COM | 026874784 | 56,742 | 1,439,777 | SH | | SOLE | 0 | 1,234,554 | 0 | 205,223 |
| American International Group, Inc. Warrants 2011-1 | CONV BONDS | 026874156 | 21,823 | 4,011,523 | PRN | | SOLE | 0 | 3,437,395 | 0 | 574,128 |
| America Movil SAB de CV Sponsored ADR Class L | COM | 02364W105 | 5,154 | 361,680 | SH | | SOLE | 0 | 310,139 | 0 | 51,541 |
| Amazon.com, Inc. | COM | 023135106 | 213,484 | 142,136 | SH | | SOLE | 0 | 121,809 | 0 | 20,327 |
| Anthem, Inc. | COM | 036752103 | 29,831 | 113,586 | SH | | SOLE | 0 | 97,253 | 0 | 16,333 |
| Apache Corporation | COM | 037411105 | 2,545 | 96,952 | SH | | SOLE | 0 | 83,094 | 0 | 13,858 |
| Altice USA, Inc. Class A | COM | 02156K103 | 3,611 | 218,582 | SH | | SOLE | 0 | 187,164 | 0 | 31,418 |
| Activision Blizzard, Inc. | COM | 00507V109 | 20,038 | 430,276 | SH | | SOLE | 0 | 368,654 | 0 | 61,622 |
| Broadcom Inc. | COM | 11135F101 | 10,044 | 39,500 | SH | | SOLE | 0 | 33,835 | 0 | 5,665 |
| American Express Company | COM | 025816109 | 49,828 | 522,745 | SH | | SOLE | 0 | 448,211 | 0 | 74,534 |
| Alibaba Group Holding Ltd. Sponsored ADR | COM | 01609W102 | 2,599 | 18,964 | SH | | SOLE | 0 | 15,986 | 0 | 2,978 |
| Bank of America Corp | COM | 060505104 | 133,124 | 5,402,771 | SH | | SOLE | 0 | 4,631,814 | 0 | 770,957 |
| Bank of America Corporation Warrants 2009-16.1.19 | CONV BONDS | 060505146 | 52,445 | 4,097,279 | PRN | | SOLE | 0 | 3,507,777 | 0 | 589,502 |
| Belmond Ltd. Class A | COM | G1154H107 | 51,954 | 2,075,688 | SH | | SOLE | 0 | 1,785,339 | 0 | 290,349 |
| Sotheby s Class A | COM | 835898107 | 10,140 | 255,168 | SH | | SOLE | 0 | 218,996 | 0 | 36,172 |
| Baidu, Inc. Sponsored ADR Class A | COM | 056752108 | 13,671 | 86,198 | SH | | SOLE | 0 | 73,777 | 0 | 12,421 |
| Bio-Rad Laboratories, Inc. Class A | COM | 090572207 | 23,420 | 100,854 | SH | | SOLE | 0 | 86,140 | 0 | 14,714 |
| Booking Holdings Inc. | COM | 09857L108 | 81,820 | 47,503 | SH | | SOLE | 0 | 40,730 | 0 | 6,773 |
| TopBuild Corp. | COM | 89055F103 | 2,089 | 46,426 | SH | | SOLE | 0 | 39,790 | 0 | 6,636 |
| Bristol-Myers Squibb Company | COM | 110122108 | 10,604 | 204,001 | SH | | SOLE | 0 | 175,179 | 0 | 28,822 |
| Berkshire Hathaway Inc. Class B | COM | 084670702 | 79,613 | 389,915 | SH | | SOLE | 0 | 334,174 | 0 | 55,741 |
| Peabody Energy Corporation | COM | 704551100 | 40,530 | 1,329,732 | SH | | SOLE | 0 | 1,136,007 | 0 | 193,725 |
| Citigroup Inc. | COM | 172967424 | 117,234 | 2,251,906 | SH | | SOLE | 0 | 1,929,096 | 0 | 322,810 |
| Avis Budget Group, Inc. | COM | 053774105 | 4,291 | 190,875 | SH | | SOLE | 0 | 163,857 | 0 | 27,018 |
| CBRE Group, Inc. Class A | COM | 12504L109 | 82,532 | 2,061,231 | SH | | SOLE | 0 | 1,768,063 | 0 | 293,168 |
| Citizens Financial Group, Inc. | COM | 174610105 | 31,066 | 1,044,952 | SH | | SOLE | 0 | 895,496 | 0 | 149,456 |
| Charter Communications, Inc. Class A | COM | 16119P108 | 8,463 | 29,697 | SH | | SOLE | 0 | 25,484 | 0 | 4,213 |
| CoreLogic, Inc. | COM | 21871D103 | 13,623 | 407,622 | SH | | SOLE | 0 | 349,224 | 0 | 58,398 |
| CME Group Inc. Class A | COM | 12572Q105 | 2,067 | 11,055 | SH | | SOLE | 0 | 9,622 | 0 | 1,433 |
| Capital One Financial Corporation | COM | 14040H105 | 40,706 | 538,507 | SH | | SOLE | 0 | 461,376 | 0 | 77,131 |
| ConocoPhillips | COM | 20825C104 | 6,364 | 102,070 | SH | | SOLE | 0 | 87,675 | 0 | 14,395 |
| Costco Wholesale Corporation | COM | 22160K105 | 107,613 | 528,268 | SH | | SOLE | 0 | 452,844 | 0 | 75,424 |
| Coty Inc. Class A | COM | 222070203 | 1,237 | 188,543 | SH | | SOLE | 0 | 162,328 | 0 | 26,215 |
| CenturyLink, Inc. | COM | 156700106 | 14,133 | 932,897 | SH | | SOLE | 0 | 799,248 | 0 | 133,649 |
| Ctrip.com International Ltd Sponsored ADR | COM | 22943F100 | 3,427 | 126,660 | SH | | SOLE | 0 | 108,007 | 0 | 18,653 |
| Cognizant Technology Solutions Corporation Class A | COM | 192446102 | 20,268 | 319,275 | SH | | SOLE | 0 | 273,487 | 0 | 45,788 |
| Cemex SAB de CV Sponsored ADR | COM | 151290889 | 31,528 | 6,541,098 | SH | | SOLE | 0 | 5,600,136 | 0 | 940,962 |
| Caesars Entertainment Corporation | COM | 127686103 | 8,636 | 1,271,811 | SH | | SOLE | 0 | 1,087,847 | 0 | 183,964 |
| Delta Air Lines, Inc. | COM | 247361702 | 94,099 | 1,885,750 | SH | | SOLE | 0 | 1,616,662 | 0 | 269,088 |
| DHT Holdings, Inc. | COM | Y2065G121 | 13,272 | 3,385,655 | SH | | SOLE | 0 | 2,906,707 | 0 | 478,948 |
| Discovery, Inc. Class A | COM | 25470F104 | 15,707 | 634,891 | SH | | SOLE | 0 | 544,196 | 0 | 90,695 |
| NOW Inc. | COM | 67011P100 | 10,259 | 881,334 | SH | | SOLE | 0 | 755,230 | 0 | 126,104 |
| Diana Shipping Inc. | COM | Y2066G104 | 16,876 | 5,307,060 | SH | | SOLE | 0 | 4,549,074 | 0 | 757,986 |
| DowDuPont Inc. | COM | 26078J100 | 17,027 | 318,389 | SH | | SOLE | 0 | 273,128 | 0 | 45,261 |
| DXC Technology Co. | COM | 23355L106 | 12,386 | 232,946 | SH | | SOLE | 0 | 199,524 | 0 | 33,422 |
| eBay Inc. | COM | 278642103 | 17,739 | 631,940 | SH | | SOLE | 0 | 541,717 | 0 | 90,223 |
| EPAM Systems, Inc. | COM | 29414B104 | 27,414 | 236,307 | SH | | SOLE | 0 | 202,342 | 0 | 33,965 |
| Ensco plc Class A | COM | G3157S106 | 9,002 | 2,528,562 | SH | | SOLE | 0 | 2,164,770 | 0 | 363,792 |
| Ford Motor Company | COM | 345370860 | 15,396 | 2,012,512 | SH | | SOLE | 0 | 1,724,069 | 0 | 288,443 |
| FirstCash, Inc. | COM | 33767D105 | 14,159 | 195,704 | SH | | SOLE | 0 | 167,599 | 0 | 28,105 |
| Freeport-McMoRan, Inc. | COM | 35671D857 | 10,087 | 978,330 | SH | | SOLE | 0 | 834,380 | 0 | 143,950 |
| Fluor Corporation | COM | 343412102 | 1,990 | 61,787 | SH | | SOLE | 0 | 53,052 | 0 | 8,735 |
| Federal National Mortgage Association | COM | 313586109 | 567 | 535,156 | SH | | SOLE | 0 | 459,837 | 0 | 75,319 |
| Liberty Media Corporation Series A Liberty Formula | COM | 531229870 | 1,354 | 45,554 | SH | | SOLE | 0 | 38,602 | 0 | 6,952 |
| Liberty Media Corporation Series C Liberty Formula | COM | 531229854 | 1,800 | 58,629 | SH | | SOLE | 0 | 50,373 | 0 | 8,256 |
| Graco Inc. | COM | 384109104 | 12,348 | 295,047 | SH | | SOLE | 0 | 252,944 | 0 | 42,103 |
| GCI Liberty, Inc. Class A | COM | 36164V305 | 2,829 | 68,736 | SH | | SOLE | 0 | 58,841 | 0 | 9,895 |
| Golar LNG Limited | COM | G9456A100 | 7,111 | 326,782 | SH | | SOLE | 0 | 279,550 | 0 | 47,232 |
| Corning Inc | COM | 219350105 | 5,626 | 186,220 | SH | | SOLE | 0 | 159,583 | 0 | 26,637 |
| Alphabet Inc. Class C | COM | 02079K107 | 119,086 | 114,991 | SH | | SOLE | 0 | 98,502 | 0 | 16,489 |
| Alphabet Inc. Class A | COM | 02079K305 | 12,266 | 11,738 | SH | | SOLE | 0 | 10,000 | 0 | 1,738 |
| Garmin Ltd. | COM | H2906T109 | 15,715 | 248,186 | SH | | SOLE | 0 | 213,068 | 0 | 35,118 |
| Ferroglobe PLC | COM | G33856108 | 1,179 | 741,779 | SH | | SOLE | 0 | 635,226 | 0 | 106,553 |
| Halliburton Company | COM | 406216101 | 2,019 | 75,968 | SH | | SOLE | 0 | 64,918 | 0 | 11,050 |
| Huntington Bancshares Incorporated | COM | 446150104 | 4,214 | 353,514 | SH | | SOLE | 0 | 303,008 | 0 | 50,506 |
| Hanesbrands Inc. | COM | 410345102 | 12,440 | 992,790 | SH | | SOLE | 0 | 851,195 | 0 | 141,595 |
| Warrior Met Coal, Inc. | COM | 93627C101 | 4,328 | 179,529 | SH | | SOLE | 0 | 156,175 | 0 | 23,354 |
| Hackett Group, Inc. | COM | 404609109 | 19,308 | 1,205,988 | SH | | SOLE | 0 | 1,031,283 | 0 | 174,705 |
| Hewlett Packard Enterprise Co. | COM | 42824C109 | 4,581 | 346,761 | SH | | SOLE | 0 | 296,606 | 0 | 50,155 |
| HP Inc. | COM | 40434L105 | 7,034 | 343,805 | SH | | SOLE | 0 | 296,028 | 0 | 47,777 |
| Hertz Global Holdings, Inc. | COM | 42806J106 | 789 | 57,828 | SH | | SOLE | 0 | 50,283 | 0 | 7,545 |
| iHeartMedia, Inc. Class A | COM | 45174J103 | 154 | 349,766 | SH | | SOLE | 0 | 335,114 | 0 | 14,652 |
| iShares MSCI India ETF | COM | 46429B598 | 31,207 | 936,022 | SH | | SOLE | 0 | 761,097 | 0 | 174,925 |
| International Seaways, Inc. | COM | Y41053102 | 4,584 | 272,203 | SH | | SOLE | 0 | 233,134 | 0 | 39,069 |
| Intel Corporation | COM | 458140100 | 15,217 | 324,242 | SH | | SOLE | 0 | 278,255 | 0 | 45,987 |
| Gartner, Inc. | COM | 366651107 | 23,223 | 181,658 | SH | | SOLE | 0 | 155,919 | 0 | 25,739 |
| JD.com, Inc. Sponsored ADR Class A | COM | 47215P106 | 35,670 | 1,704,252 | SH | | SOLE | 0 | 1,458,360 | 0 | 245,892 |
| Jefferies Financial Group Inc. | COM | 47233W109 | 17,509 | 1,008,609 | SH | | SOLE | 0 | 864,513 | 0 | 144,096 |
| JPMorgan Chase & Co. | COM | 46625H100 | 39,489 | 404,520 | SH | | SOLE | 0 | 346,284 | 0 | 58,236 |
| Kirby Corporation | COM | 497266106 | 5,198 | 77,166 | SH | | SOLE | 0 | 66,380 | 0 | 10,786 |
| KKR & Co. Inc. Class A | COM | 48251W104 | 15,397 | 784,339 | SH | | SOLE | 0 | 672,139 | 0 | 112,200 |
| Kroger Co. | COM | 501044101 | 38,686 | 1,406,772 | SH | | SOLE | 0 | 1,205,438 | 0 | 201,334 |
| Kansas City Southern | COM | 485170302 | 13,290 | 139,234 | SH | | SOLE | 0 | 119,142 | 0 | 20,092 |
| KT Corporation Sponsored ADR | COM | 48268K101 | 633 | 44,483 | SH | | SOLE | 0 | 44,483 | 0 | 0 |
| Loews Corporation | COM | 540424108 | 8,746 | 192,127 | SH | | SOLE | 0 | 164,929 | 0 | 27,198 |
| Lazard Ltd Class A | COM | G54050102 | 33,969 | 920,330 | SH | | SOLE | 0 | 789,337 | 0 | 130,993 |
| Liberty Broadband Corp. Class A | COM | 530307107 | 346 | 4,823 | SH | | SOLE | 0 | 4,098 | 0 | 725 |
| Liberty Broadband Corp. Class C | COM | 530307305 | 5,674 | 78,768 | SH | | SOLE | 0 | 66,904 | 0 | 11,864 |
| Liberty Global Plc Class A | COM | G5480U104 | 24,431 | 1,144,846 | SH | | SOLE | 0 | 979,093 | 0 | 165,753 |
| Liberty Global Plc Class C | COM | G5480U120 | 24,933 | 1,207,992 | SH | | SOLE | 0 | 1,033,797 | 0 | 174,195 |
| Lear Corporation | COM | 521865204 | 4,339 | 35,320 | SH | | SOLE | 0 | 30,220 | 0 | 5,100 |
| Liberty Expedia Holdings Inc Class A | COM | 53046P109 | 418 | 10,676 | SH | | SOLE | 0 | 9,024 | 0 | 1,652 |
| Lions Gate Entertainment Corp Class B | COM | 535919500 | 373 | 25,089 | SH | | SOLE | 0 | 21,531 | 0 | 3,558 |
| Liberty Latin America Ltd. Class A | COM | G9001E102 | 4,060 | 280,403 | SH | | SOLE | 0 | 238,070 | 0 | 42,333 |
| Liberty Latin America Ltd. Class C | COM | G9001E128 | 5,645 | 387,432 | SH | | SOLE | 0 | 329,965 | 0 | 57,467 |
| LivaNova Plc | COM | G5509L101 | 28,764 | 314,466 | SH | | SOLE | 0 | 269,123 | 0 | 45,343 |
| Lowe s Companies, Inc. | COM | 548661107 | 6,028 | 65,269 | SH | | SOLE | 0 | 55,784 | 0 | 9,485 |
| Louisiana-Pacific Corporation | COM | 546347105 | 5,945 | 267,563 | SH | | SOLE | 0 | 228,755 | 0 | 38,808 |
| Lam Research Corporation | COM | 512807108 | 2,886 | 21,197 | SH | | SOLE | 0 | 18,146 | 0 | 3,051 |
| Liberty Media Corp. Series A Liberty SiriusXM | COM | 531229409 | 9,923 | 269,645 | SH | | SOLE | 0 | 230,192 | 0 | 39,453 |
| Liberty Media Corp. Series C Liberty SiriusXM | COM | 531229607 | 11,032 | 298,329 | SH | | SOLE | 0 | 255,301 | 0 | 43,028 |
| Liberty TripAdvisor Holdings Inc Class A | COM | 531465102 | 5,025 | 316,257 | SH | | SOLE | 0 | 269,421 | 0 | 46,836 |
| LyondellBasell Industries NV | COM | N53745100 | 7,036 | 84,608 | SH | | SOLE | 0 | 72,705 | 0 | 11,903 |
| Masco Corporation | COM | 574599106 | 9,438 | 322,780 | SH | | SOLE | 0 | 276,538 | 0 | 46,242 |
| MBIA Inc. | COM | 55262C100 | 34,432 | 3,860,091 | SH | | SOLE | 0 | 3,315,855 | 0 | 544,236 |
| McKesson Corporation | COM | 58155Q103 | 5,756 | 52,106 | SH | | SOLE | 0 | 44,606 | 0 | 7,500 |
| Moody s Corporation | COM | 615369105 | 4,082 | 29,150 | SH | | SOLE | 0 | 24,955 | 0 | 4,195 |
| Micro Focus International plc Sponsored ADR | COM | 594837304 | 7,899 | 458,976 | SH | | SOLE | 0 | 393,649 | 0 | 65,327 |
| MGM Resorts International | COM | 552953101 | 49,079 | 2,023,060 | SH | | SOLE | 0 | 1,733,498 | 0 | 289,562 |
| Mohawk Industries, Inc. | COM | 608190104 | 9,873 | 84,410 | SH | | SOLE | 0 | 72,452 | 0 | 11,958 |
| Markel Corporation | COM | 570535104 | 20,090 | 19,354 | SH | | SOLE | 0 | 16,551 | 0 | 2,803 |
| Altria Group Inc | COM | 02209S103 | 13,904 | 281,517 | SH | | SOLE | 0 | 230,716 | 0 | 50,801 |
| Marathon Petroleum Corporation | COM | 56585A102 | 14,698 | 249,074 | SH | | SOLE | 0 | 213,939 | 0 | 35,135 |
| Morgan Stanley | COM | 617446448 | 15,254 | 384,719 | SH | | SOLE | 0 | 329,557 | 0 | 55,162 |
| Microsoft Corporation | COM | 594918104 | 36,591 | 360,253 | SH | | SOLE | 0 | 308,633 | 0 | 51,620 |
| Micron Technology, Inc. | COM | 595112103 | 38,931 | 1,226,936 | SH | | SOLE | 0 | 1,050,738 | 0 | 176,198 |
| Ingevity Corporation | COM | 45688C107 | 1,972 | 23,558 | SH | | SOLE | 0 | 20,134 | 0 | 3,424 |
| Noah Holdings Ltd. Sponsored ADR Class A | COM | 65487X102 | 9,132 | 210,810 | SH | | SOLE | 0 | 180,850 | 0 | 29,960 |
| NetEase, Inc. Sponsored ADR | COM | 64110W102 | 27,440 | 116,582 | SH | | SOLE | 0 | 99,886 | 0 | 16,696 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 | 22,568 | 1,734,689 | SH | | SOLE | 0 | 1,489,498 | 0 | 245,191 |
| Philip Morris International Inc. | COM | 718172109 | 10,603 | 158,826 | SH | | SOLE | 0 | 130,575 | 0 | 28,251 |
| PNC Financial Services Group, Inc. | COM | 693475105 | 21,793 | 186,406 | SH | | SOLE | 0 | 159,649 | 0 | 26,757 |
| Perspecta, Inc. | COM | 715347100 | 1,979 | 114,900 | SH | | SOLE | 0 | 98,302 | 0 | 16,598 |
| PayPal Holdings Inc | COM | 70450Y103 | 101,512 | 1,207,177 | SH | | SOLE | 0 | 1,035,008 | 0 | 172,169 |
| Papa John s International, Inc. | COM | 698813102 | 7,940 | 199,450 | SH | | SOLE | 0 | 170,790 | 0 | 28,660 |
| Qurate Retail, Inc. Class A | COM | 74915M100 | 13,635 | 698,496 | SH | | SOLE | 0 | 598,018 | 0 | 100,478 |
| Raytheon Company | COM | 755111507 | 11,212 | 73,116 | SH | | SOLE | 0 | 62,508 | 0 | 10,608 |
| Ryanair Holdings Plc Sponsored ADR | COM | 783513203 | 6,164 | 86,401 | SH | | SOLE | 0 | 69,432 | 0 | 16,969 |
| Scorpio Bulkers, Inc. | COM | Y7546A122 | 6,166 | 1,114,997 | SH | | SOLE | 0 | 954,955 | 0 | 160,042 |
| Spirit Airlines, Inc. | COM | 848577102 | 10,759 | 185,764 | SH | | SOLE | 0 | 158,651 | 0 | 27,113 |
| Southern Copper Corporation | COM | 84265V105 | 9,526 | 309,595 | SH | | SOLE | 0 | 265,010 | 0 | 44,585 |
| Sherwin-Williams Company | COM | 824348106 | 31,269 | 79,472 | SH | | SOLE | 0 | 68,140 | 0 | 11,332 |
| Signet Jewelers Limited | COM | G81276100 | 4,614 | 145,234 | SH | | SOLE | 0 | 124,889 | 0 | 20,345 |
| SL Green Realty Corp. | COM | 78440X101 | 17,265 | 218,327 | SH | | SOLE | 0 | 187,257 | 0 | 31,070 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 | 6,741 | 109,676 | SH | | SOLE | 0 | 94,082 | 0 | 15,594 |
| Steel Dynamics, Inc. | COM | 858119100 | 4,451 | 148,182 | SH | | SOLE | 0 | 127,011 | 0 | 21,171 |
| Scorpio Tankers Inc. | COM | Y7542C106 | 21,155 | 12,020,122 | SH | | SOLE | 0 | 10,294,282 | 0 | 1,725,840 |
| Seagate Technology PLC | COM | G7945M107 | 15,743 | 407,945 | SH | | SOLE | 0 | 349,583 | 0 | 58,362 |
| Synchrony Financial | COM | 87165B103 | 37,035 | 1,578,625 | SH | | SOLE | 0 | 1,351,028 | 0 | 227,597 |
| Thor Industries, Inc. | COM | 885160101 | 4,341 | 83,489 | SH | | SOLE | 0 | 71,531 | 0 | 11,958 |
| Tribune Publishing Co. | COM | 89609W107 | 475 | 41,900 | SH | | SOLE | 0 | 35,988 | 0 | 5,912 |
| TripAdvisor, Inc. | COM | 896945201 | 4,764 | 88,321 | SH | | SOLE | 0 | 75,742 | 0 | 12,579 |
| Tractor Supply Company | COM | 892356106 | 40,423 | 484,455 | SH | | SOLE | 0 | 415,369 | 0 | 69,086 |
| Taiwan Semiconductor Manufacturing Co., Ltd. Spons | COM | 874039100 | 64,273 | 1,741,333 | SH | | SOLE | 0 | 1,490,836 | 0 | 250,497 |
| Texas Instruments Incorporated | COM | 882508104 | 10,207 | 108,010 | SH | | SOLE | 0 | 92,466 | 0 | 15,544 |
| United Continental Holdings, Inc. | COM | 910047109 | 28,319 | 338,224 | SH | | SOLE | 0 | 290,108 | 0 | 48,116 |
| Net 1 UEPS Technologies, Inc. | COM | 64107N206 | 2,715 | 578,824 | SH | | SOLE | 0 | 496,809 | 0 | 82,015 |
| Union Pacific Corporation | COM | 907818108 | 34,104 | 246,716 | SH | | SOLE | 0 | 211,338 | 0 | 35,378 |
| Marriott Vacations Worldwide Corporation | COM | 57164Y107 | 1,897 | 26,900 | SH | | SOLE | 0 | 23,087 | 0 | 3,813 |
| Veeco Instruments Inc. | COM | 922417100 | 3,280 | 442,680 | SH | | SOLE | 0 | 378,524 | 0 | 64,156 |
| VICI Properties Inc | COM | 925652109 | 3,706 | 197,345 | SH | | SOLE | 0 | 168,983 | 0 | 28,362 |
| Vipshop Holdings Ltd Sponsored ADR | COM | 92763W103 | 8,421 | 1,542,322 | SH | | SOLE | 0 | 1,321,437 | 0 | 220,885 |
| Venator Materials PLC | COM | G9329Z100 | 1,956 | 466,880 | SH | | SOLE | 0 | 399,805 | 0 | 67,075 |
| Verisk Analytics Inc | COM | 92345Y106 | 7,694 | 70,560 | SH | | SOLE | 0 | 60,413 | 0 | 10,147 |
| Vista Outdoor Inc | COM | 928377100 | 6,315 | 556,406 | SH | | SOLE | 0 | 476,185 | 0 | 80,221 |
| AquaVenture Holdings Limited | COM | G0443N107 | 5,623 | 297,693 | SH | | SOLE | 0 | 254,761 | 0 | 42,932 |
| Western Digital Corporation | COM | 958102105 | 4,888 | 132,220 | SH | | SOLE | 0 | 113,211 | 0 | 19,009 |
| Wells Fargo & Company | COM | 949746101 | 62,606 | 1,358,638 | SH | | SOLE | 0 | 1,163,875 | 0 | 194,763 |
| Whirlpool Corporation | COM | 963320106 | 2,701 | 25,274 | SH | | SOLE | 0 | 21,646 | 0 | 3,628 |
| Willis Towers Watson Public Limited Company | COM | G96629103 | 31,407 | 206,814 | SH | | SOLE | 0 | 177,122 | 0 | 29,692 |
| Walmart Inc. | COM | 931142103 | 32,123 | 344,849 | SH | | SOLE | 0 | 294,439 | 0 | 50,410 |
| WestRock Company | COM | 96145D105 | 5,145 | 136,266 | SH | | SOLE | 0 | 117,481 | 0 | 18,785 |
| 58.com Inc. Sponsored ADR Class A | COM | 31680Q104 | 6,468 | 119,322 | SH | | SOLE | 0 | 102,173 | 0 | 17,149 |
| Yandex NV Class A | COM | N97284108 | 14,296 | 522,700 | SH | | SOLE | 0 | 447,662 | 0 | 75,038 |
